NetworkNewsBreaks – A Look at Potential Crypto Market Impact When Millennials Get Payouts

An article posted on Wednesday, published by The Global Crypto Press Association, discusses the $2 Trillion Coronavirus Aid Package, which includes $500 billion for large companies, $339 billion for local governments, $377 billion for small business, as well as a long list of smaller allocations for specific or specialized purposes (such as stocking up on supplies in the case of future pandemics). The article specifically addresses the portion that could impact the markets – $560 billion, dedicated to helping individuals. “The basic breakdown is, any American earning under $99k will receive a payment of approximately $1200, then if they’re not working at the moment (and most people are not) they qualify for unemployment – another $600/week. The unemployment is supposed to last up to 4 months, and while the $1200 is currently a one-time payment, politicians are already discussing a possible second payment,” Ross Davis of the San Francisco News Desk writes. “Stuck at home, no work, but still bringing in $3600 throughout April – this has to impact the market somehow… Who else feels like most crypto traders will make sure at least some of this ends up in their portfolio?”

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